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5054 N Lockwood Ave
Multi-Family
New
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$520,000

5054 N Lockwood Ave, Chicago

56% below median
7 bd·3 ba·0 sqft
Built 19264,356 sqft lotJefferson Park

5054 N Lockwood Ave, Chicago, IL

7 bd · 3 ba · 0 sqft Multi-Family listed at $520,000, built in 1926 in the Jefferson Park neighborhood.

About this home

**MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE MONDAY, APRIL 6TH AT 5:00 PM** Solid income-producing opportunity in a well-maintained 2-flat with additional garden unit (owner cannot confirm the legality of the garden unit), all fully occupied with tenants in place. Each unit features separate utilities, offering ease of management and strong rental potential. Property includes a private patio with a fenced yard and a 2-car detached garage. Conveniently located near expressways, public transportation, and local schools. Ideal for investors seeking immediate cash flow with tenants willing to continue current leases.

Property details

Price
$520,000
Bedrooms
7
Bathrooms
3
Year built
1926
Lot size
4,356 sqft
Type
Multi-Family
Days on market
26
Est. property tax
$10,816/yr · $901/mo · 2.08% IL avg
Last sold
$422,000 · Feb 2019

Estimated monthly payment

Down payment20% ($104,000)
Interest rate6.75%
Principal & Interest$2,698
Property Tax$477
Insurance$150
Total$3,325/mo

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Price history

$646K$340K$34K$85K on Feb 77 (Sold)$101K on Jan 85 (Sold)$282K on Nov 92 (Sold)$595K on Apr 09 (Initial list)$565K on Jul 09 (Price change)$540K on Feb 10 (Price change)$540K on Feb 10 (Price change)$245K on Nov 12 (Sold)$422K on Feb 19 (Sold)$520K on Mar 26 (Initial list)
$85K · Feb 77$520K · Mar 26
  1. Mar 31, 2026$520,000Initial list price
  2. Feb 25, 2019$422,000Sold
  3. Nov 8, 2012$245,000Sold
  4. Feb 28, 2010$540,000Price change
  5. Feb 14, 2010$540,000Price change
  6. Jul 13, 2009$565,000Price change
  7. Apr 13, 2009$595,000Initial list price
  8. Nov 2, 1992$281,500Sold
  9. Jan 16, 1985$101,000Sold
  10. Feb 3, 1977$85,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 5054 N Lockwood Ave, Chicago
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Home Intelligence

Neighborhood (zip 60630)

Median age is 40.6; 29% hold a bachelor's degree; 68% of homes are owner-occupied; median household income is $91,135.

Median income
$91,135
Median age
40.6
Owner-occupied
67.6%
Bachelor's degree
28.8%
Census median home value
$358,000

Source: US Census Bureau American Community Survey 5-year estimates.

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